Freightcar America (NASDAQ:RAIL) Posts Quarterly Earnings Results, Misses Expectations By $0.11 EPS

Freightcar America (NASDAQ:RAIL) announced its earnings results on Monday. The transportation company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.11), FiscalAI reports. The firm had revenue of $76.49 million during the quarter, compared to analyst estimates of $75.75 million. Freightcar America had a negative net margin of 1.32% and a negative return on equity of 15.23%.

Freightcar America Price Performance

RAIL traded up $0.11 during midday trading on Wednesday, reaching $5.23. 187,660 shares of the company’s stock were exchanged, compared to its average volume of 226,349. The company has a debt-to-equity ratio of 2.70, a current ratio of 1.81 and a quick ratio of 1.12. The stock has a market capitalization of $171.50 million, a PE ratio of -16.87 and a beta of 1.58. The business’s 50-day moving average price is $5.98 and its 200 day moving average price is $8.38. Freightcar America has a 1-year low of $3.85 and a 1-year high of $14.90.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on RAIL. Wall Street Zen cut Freightcar America from a “hold” rating to a “sell” rating in a research report on Saturday, October 31st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Freightcar America in a research report on Monday, November 2nd. Finally, Zacks Research downgraded Freightcar America from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 21st. Two investment analysts have rated the stock with a Sell rating. Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

About Freightcar America

FreightCar America, Inc. designs and manufactures freight railcars for the North American rail transportation industry. Its product portfolio has included aluminum and steel railcars, such as open-top hopper cars, gondolas, flat cars and other specialized freight equipment used to transport coal, aggregates, metals, agricultural products and other bulk commodities. The company serves major railroads, railcar leasing companies and industrial shippers. Its railcars are designed for applications that require durable, high-capacity equipment, with product offerings tailored to commodity transportation and intermodal or specialized freight needs.